2 Under-the-Radar Stocks to Watch After Strong Earnings Results
The coronavirus pandemic has accelerated the digitization of enterprises. The rise of cloud computing also encouraged them to move some of their computing infrastructures and applications from their on-premises environments to the cloud. As a consequence, with hardware-based legacy solutions becoming less relevant, old tech companies have been facing the threat of declining revenue.
However, investors should pay attention to the old tech network specialists Juniper Networks (NYSE: JNPR) and F5 Networks (NASDAQ: FFIV). Their recent earnings results show that they have successfully updated their offerings to address new growth opportunities, especially in the cloud.
Over the last decades, Juniper has been competing with the networking giant Cisco Systems. In particular, its routers, which are devices that carry and direct traffic between different networks, gained traction with large enterprises and telecom service providers.
Source Fool.com
